-eli- wrote:Some talk about economic citizenship @ the moment. Will let u know.
jhmax wrote:As I understand it, there's already the 'high net worth individual' scheme, whereby foreign nationals can elect to buy a house, stay in AG for at least one month a year, then pay US$20K a year to AG government in lieu of all other income taxes, and are accepted (by AG Government) as resident in AG for tax purposes.
"Citizenship for life, for applicant and all eligible family members"
An application requires a non-refundable cash payment of US$35,000 for a single applicant plus US$15,000 for each dependent, plus a US$2,000 fee for a background check on any person included in the application, who is over 18 years of age.
In addition to the above fees are the associated legal fees which will vary depending on the number of persons included in the application, but are usually in the region of US$15,000.
Additionally, the applicant must invest a minimum of US$350,000 in government designated real estate, among which there are some excellent real estate developments. Please note that the investment required was increased by the government from the old level of US$250,000 in late 2006. The total financial cost of economic citizenship for a single person in St. Kitts is therefore approx US$400,000."
You are a deemed resident for tax purposes for the entire tax year if you:
stay in Canada for 183 days or more in that tax year;
do not have residential ties with Canada; and
are not considered a resident of another country under the terms of a tax treaty."
jhmax wrote:Does economic citizenship enable a person to have dual nationaility? My cousin has dual UK/Canadian, and the joint aspect has been useful once or twice.
"Dual Citizenship is permitted, without the requirement to notify the applicants home country, and without any need for the applicant to reside in St. Kitts/Nevis."
Users browsing this forum: No registered users and 0 guests